The average monthly price of sapphire has fallen by more than 30% year on year this September, according to the latest 2015 Global Sapphire and LED Chip Market Report by LEDinside, a division of TrendForce. This decline is the result of suppliers expanding their production capacities despite the weaker-than-expected demand.
The scale of China’s LED package market is projected to expand 16% year on year to 61.4 billion RMB in 2015, according to the latest Chinese LED Industry Market Report by LEDinside, a division of TrendForce. The growth of Chinese LED package market on the whole has slowed.
According to the latest 2015 Global LED Industry Supply and Demand Database Report by LEDinside, a division of TrendForce, capacity expansion efforts of Chinese LED chip manufacturers have resulted a supply glut with this year’s LED chip supply-demand ratio reaching 22%.
The global average price of 40W replacement LED light bulbs fell 1.5% in August to US$10.9, while the 60W replacement LED light bulbs fell 2.3% to US$14.9, based on the latest report by LEDinside, a division of TrendForce.
The scale of the Chinese LED package market grew 19% year on year to US$8.6 billion in 2014, according to the 2015 Chinese LED Industry Market Report by LEDinside, a division of TrendForce. The growth of the Chinese LED package market will slow down in the next few years as LED prices continue to fall.
